10. [-11 Points] DETAILS MY NOTES PRACTICE ANOTHER TANFIN12 5.3.030. Carl is the beneficiary of a $27,000 trust fund set up for him by his grandparents. Under the terms of the trust, he is to receive the money over a 4-year period in equal installments at the end of each year. If the fund earns interest at the rate of 2%/year compounded annually, what amount will he receive each year? (Round your answer to the nearest cent.) $ Need Help? Read it Watch It